MINING NEWS

New Zealand Mail, Issue 957, 4 July 1890, Page 19

MINING NEWS

(FROM OUR CORRESPOND: NT). R efton, June 26. Business on change is very dull. Big Rivers, sellers 3s lOd, buyer’ 3’ 6 i. The Sir Francis Drake Company have let their mine ou tribute by crushing for other companies. The directors hope to reduce their indebtedness, and also give the shareholders breathing time to recover from the cuu-tai’t drain upon their purses. Hands have been shortened as the Fiery

Cross. The end of the block of stcue having been reached, the Welcome will start crush, ing iu a few days. About 2ft of stone is being worked. Reefton, J une 27. The Venus battery finished crushing 262 tins of Btone for the Energy tributers, with & result of 6750 z of amalgam, or about loz of retorted gold per ton. Some little business has taken place is O.K.’a sales up to Is 6d. Havelock, June 25. At the Warden’s Court to-day, before John Allen, Esq., Warden, the following business was transacted ;S—‘Thomas Ovington v. E. H. Beere, claim for £S6 15s. Mr Staite appeared for the plaintiff. There was no appearance of the defendant. After hearing the evidence of the plaintiff, who stated that he was tbe working manager of the Bri ish Empire Goldtnining Company, Wakamarina, and the defendant was the legal manager, and the evidence of David Faulkner, the Warden reserved his decision until Tuesday next, the Ist of July, to be then given atCullensville. Two applications from E. H. Beere (for whotn Mr C. H. Mills appeared), for two machine sites, were granted, subject to the plans being approved. Application for a claim and area of ground, by Robeiv Newman, was granted, subject to ii net interfering with existing rights. Mr C. H. Mills appeared for the applicant. A was granted to E. H. Beere, subject to permission being obtained from the Pelorus Road Board to cross the road. Mr C. H. Mills for applicant. A water-race was granted to John Jones at Staircase Creek oa the usual conditions. Mr C. H. Mills for applicant. Protection for three months was granted to William George and H. W. Dawson. Mr C. H. Mills for applicant. The Warden’s Court at Havelock stands adjourned until Wednesday, the 23rd July. A Warden’s Court will bo held at Cullensvilla on Tuesday next, the Ist July. Reefton, Juno 28. Quotations, —Big River, 3s 61 to 3s 9d ; Gallant, lOd to lid ; Globe, 27s 3d to 20s Sd ; Hidden Treasure, 9d to Is ; Inkermac, 21s 9d to 22s 6d ; Low Level, buyers 3d ; Keep-it-Dark, buyers 7s 6d ; Merrijigs, Is 5s to Is 7d ; Hercules, 2s 2d to 2a fid j National, 5d to Gd ; 0.K., Is 5d to Is 9d ; Oi Polloi, 3d to 6d ; Progress, sellers 21s ; Wealthr, 4s lOd to 5s 3d. Returns.—Globe, lOSSoz of amalgam from 190 tons, or for the month 858 oz of retorted gold from 828 tons of stone ; Inglewood, 171 oz of amalgam from GO tons; Inkermau, 160 oz from 90-tons (top plates); Keep-it-Dark, 770 z of gold for the month. The Progress has not yet cleaned up. Reports : —Oi Polloi—Tbe work this week has been trenching further west, and is on tha same formation as iu the Merrijigs lease. There are a good many small veins ; all have a little gold. Inkermau—For the week the north level has been extended lift, a total from the winze, north, of 27ft. The south level has been driven sft for the week, or total south from the winze 21ft. On Wednesday the stone cut out was going south, so they have stopped driving south for the present. There is still a good track in the face of the drive, which will be advisable to drive ahead later on. Started tbe leading tfcope from tbe bottom winze on Thursday ; sinoe then 19ft of stoping has been done north and south from the winze. The stone is going north 3£ft wide, showing gold freely in the face. Remarks.—Since the return has been received Inkermans have hardened ; buyers are now at 22s Gd per share. The share market has been dull for the week, but a few transactions have taken place. The Globe declared a dividend of Is, payable ou Monday. Reefton, July 1. The Merrijigs Company have purchased a battery of fifteen head of stampers and one berdaa for £IOO. Water rights have also been secured. Tho National Company bad a small crushing at tbe School of Minas. Tha yield was equivalent to Goz 12dwt per ton. Tha Company have a well-defined reef of 12 to IS inches thick, and a trial crushing of 50 tons will take place iu a few weeks at the Big River battery. Reefton, July 2. Tbe Alpine cleaned up yesterday with a result of 3220 z of retorted gold for the month, equal to about ISdwts to the ton. The total retorted gold obtained from the quartz mines at Reefion arid the Alpine at Lyell for June, is 25240 z. (per press association. ) Grey mouth, Jnn* 29. The coal export for the past week v.ai 359't tons. I Westport. June 29 The coal export for the week which ended on (Saturday la-t was 5069 6011 s. Auckland, June 30. A telegram fr< m VVi a lgarei, illative :o the first Puhipuni orusning, tays : —The general stuff Lorn tbe prospectors’ claim is giving 62i z to the too, and shareholders are well satisfied. The scrip, which has been selling at 2s, is now worth ss. Taking the shares all round the field, they have doubled in value withiu the last fortnight. Dunedin, Ju!v 1. The Premier Company, Macetowu, has been floated in England with ,a capital of £30,000. Westport, July 2. The Westport Coal Company exported 101 ,347 tons during the six months, which

ended June 30th last; an increase of 26,090 year oorrea P oa<3ia g period of ’last